Technicolor: Oddo BHF slashes target price
(CercleFinance.com) - After a road show with Technicolor's management, Oddo BHF is still not enthusiastic about the Tehnicolor share, maintaining its "neutral" rating that it adopted last week (having downgraded its previous "buy" rating).
Meanwhile, the broker has slashed its target price for the share from 3.5 euros to 1.8 euro (-48.6%).
This meeting between the management of the electronic equipment manufacturer and investors was the opportunity to further discuss the many disappointments in the publication of Technicolor's 2017 results, the broker states in a report, including a lack of recovery in Ebitda considered this year.
Confirming their rating downgrade last week, this morning, analysts draw the consequences of the "significant" reduction in their earnings estimates by reducing their target price.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Meanwhile, the broker has slashed its target price for the share from 3.5 euros to 1.8 euro (-48.6%).
This meeting between the management of the electronic equipment manufacturer and investors was the opportunity to further discuss the many disappointments in the publication of Technicolor's 2017 results, the broker states in a report, including a lack of recovery in Ebitda considered this year.
Confirming their rating downgrade last week, this morning, analysts draw the consequences of the "significant" reduction in their earnings estimates by reducing their target price.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.